-The Hindu Business Line “Join the Regional Comprehensive Economic Partnership (RCEP), but do not ignore your internal market and demand. Ninety per cent of our bad export story is domestic challenges, 10 per cent is external environment or external policy,” says Economist Surjit S Bhalla. Seventy-one-year old Bhalla has a tough task ahead — to make New Delhi’s voice louder at the international forums as he is set to take charge...
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Granaries overflowing, Food dept's SOS to MEA: Send wheat, rice as aid to deserving countries -Harikishan Sharma
-The Indian Express Procurement of wheat and rice in the central pool has been increasing over the years, leading to accumulation of surplus stock of wheat and rice with FCI. As a result, stocks of food grain in the central pool continue to remain much in excess of stocking norms. With Food Corporation of India granaries overflowing, the government is looking to liquidate its grain stocks to prevent damage and minimise...
More »Govt wants to dump excess food grain in Africa -Jitendra
-Down to Earth Food Corporation of India storages are spilling from excess food stocks and the new Kharif procurement season is only a month away The Union government was mulling over selling excess foodgrains to some African countries before the new Kharif procurement season starts next month, according to a government official. “There is a plan under consideration to use foodgrains as diplomatic tools for African countries like Ghana, which is a net...
More »With stocks piling up, FCI is in deep trouble -Rajalakshmi Nirmal
-The Hindu Business Line Huge losses on procured grains and rising debt are a big concern FCI (Food Corporation of India) is sitting on a mountain of wheat and paddy. In January, the total stock of rice and wheat with FCI was 45.4 million tonnes. This increased to 46.3 million tonnes by April and touched 62.2 million tonnes in May. In July, the stock increased further to 74.2 million which was significantly...
More »From Plate to Plough: A win-win deal -Ashok Gulati
--The Indian Express Replacing subsidies with direct cash transfers to farmers’ accounts will empower them as well as consumers. In her budget speech, the Union finance minister (FM) said: “At the centre of everything that we do, we keep gaon, garib aur kisan in mind.” Here then is a small mantra for her to transform the lives of the kisan and the poor in rural areas. Just streamline the food and...
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